Gold and Silver Pull Back — Smart Money Buys When Others Wait 
When empires overreach, currencies crumble — and history’s warning lights begin to flash.
In his latest episode of The GoldSilver Show, Mike Maloney and Alan Hibbard unpack why the markets may have already peaked, how global power is shifting toward gold, and why holding real assets has never been more essential.
“This Could Be the Top” — The October Warning
“I believe there’s a high potential that the top of the markets is in now,” Mike begins.
The reason? A dangerous game of economic brinkmanship between Presidents Trump and Xi — a “game of chicken,” as Mike calls it — that could trigger a cascade across global markets.
October, historically a “spooky month” for markets, has often marked turning points in financial history. From the Great Depression to 1987 and 2008, market manias tend to meet their match when political and monetary tensions collide.
Mike’s message is simple: you can’t control the system, but you can control how you prepare for it.
“We as individuals aren’t going to turn this around,” he says. “All we can do is protect ourselves and our loved ones — by holding real assets.”
China’s Hidden Gold Strategy
Alan Hibbard dives into what might be one of the most underreported financial stories of our time: China’s gold accumulation.
Estimates suggest that China’s true gold reserves could be double their official number — anywhere from 6,000 to 20,000 tons. That could rival or even surpass U.S. holdings.
But the key isn’t how much gold a nation owns — it’s how much gold per person.
“If you’re second to the U.S. in total holdings,” Mike explains, “but your citizens hold more individually, you’re actually wealthier.”
That same principle applies personally: the more real money you hold — gold and silver in your own possession — the more insulated you are from government or central bank failure.
The Fed’s Dilemma — and What It Means for You
Mike and Alan also highlight a critical message from the New York Fed: “Prepare for the unexpected.”
Central banks are admitting they can’t forecast what comes next.
After two decades of crises — from the euro collapse to COVID to war in Europe — the monetary authorities are running out of tools. The Fed’s “emergency measures” have become permanent policy.
That means more printing, more debt, and more distortion — the exact conditions that have historically preceded inflationary waves and falling confidence in fiat currencies.
For individual investors, the takeaway is clear: gold and silver remain the most reliable hedges when paper money falters.
Lessons from Rome — and America’s Parallels
One of the episode’s most striking visuals compares the U.S. dollar’s decline to the Roman Empire’s debasement of its silver denarius.
Rome took 250 years to destroy its currency; the U.S. has done it in less than half that time.
Back then, emperors melted coins, added copper, and reissued them at face value — the ancient version of today’s “quantitative easing.”
Now, central banks simply create digital dollars with a keystroke.
As Mike puts it:
“We have technology that lets us debase faster than any empire in history. If you want to devalue the dollar by 50%, just double the supply.”
It’s the same playbook — new costumes, same outcome: rising prices, falling trust, and widening inequality between those who hold assets and those who don’t.
Protecting Yourself in the “Modern Dark Age”
Mike warns that if trade wars, currency debasement, and political turmoil converge, the next downturn could be historic — even leading to what Elon Musk once called a “modern dark age.”
But he’s not pessimistic; he’s practical.
“Hold real assets,” he urges. “Be part of the rebuilding process.”
For those new to the topic, Mike recommends revisiting Hidden Secrets of Money Episodes 9 and 10, which trace the fall of Rome alongside the decline of the American monetary system — and show how every fiat experiment in history has ended the same way.
Gold and Silver Still Have Room to Run
As Mike reminds viewers, it’s not too late.
Despite record highs, gold and silver remain undervalued relative to the size of today’s financial bubbles.
“We’re witnessing one of the great pivotal moments in financial history,” he says. “Protect yourself. Hold real money. Educate those you care about.”
See Why Mike Believes The Top Is Already In.
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People Also Ask
Is the stock market topping out in 2025?
Mike Maloney believes there’s a strong chance that markets have already peaked, citing dangerous geopolitical and monetary tensions between the U.S. and China. He explains why October may mark the beginning of a broader correction and how gold and silver could protect wealth as assets reprice. 👉 Watch the full discussion on The GoldSilver Show.
Why do people compare the U.S. to the Roman Empire?
In his latest episode, Mike draws parallels between Rome’s debasement of its silver coins and America’s modern money printing. Both empires expanded their currency supply until confidence collapsed — a reminder that real assets like gold remain the ultimate store of value.
How much gold does China really have?
While official data suggests China holds around 6,000 tons of gold, Mike and Alan note estimates as high as 20,000 tons. They believe the true figure is likely underreported — and that this accumulation signals a long-term strategy to reduce reliance on the U.S. dollar.
What does “prepare for the unexpected” mean for investors?
The New York Fed recently warned central banks to “prepare for the unexpected” — a signal that policy tools are stretched thin after years of crises. Mike argues that for individual investors, this means holding tangible assets like gold and silver, which historically outperform during uncertainty.
Is it too late to buy gold and silver?
Not according to Mike Maloney. Despite record highs, he sees this as only the early phase of a much larger move, comparing today’s setup to gold’s 2001–2011 bull run. The lesson: it’s never too late to own real money before confidence in paper currencies fades.
